Broad-Based Cash Assistance in COVID-19 Recovery Actions

Apr 3, 2020 - Though some of these Ca lifornians nevertheless file taxes (in many cases to qualify for federal tax credits), an unknown number do not. (The federal deadline to file 2019 tax returns was recently extended to July 15, and anyone filing by that date would appear to be eligible for the assistance.)
https://lao.ca.gov/Publications/Report/4214

The Property Tax Inheritance Exclusion

Oct 9, 2017 - The Property Tax Inheritance Exclusion The Property Tax Inheritance Exclusion Summary Ownership Changes Trigger Higher Tax Bills. Under California ’s property tax system, the change in ownership of a property is an important event.
https://lao.ca.gov/Publications/Report/3706

The Property Tax Inheritance Exclusion [Publication Details]

Oct 9, 2017 - The Property Tax Inheritance Exclusion [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/3706

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - Sales Tax Exemption for Certain Manufacturers. In 2018, we evaluated the economic effects of a sales tax exemption administered by the California Alternative Energy and Advanced Transportation Financing Authority.
https://lao.ca.gov/Publications/Report/4331

Fiscal Outlook: Estimating Wages and Salaries [EconTax Blog]

Nov 14, 2018 - The single largest source of General Fund revenue is the personal income tax (PIT). In order to estimate PIT revenue for our Fiscal Outlook publication, we must also make a projection of wage and salary income.
https://lao.ca.gov/LAOEconTax/Article/Detail/321

The 2021-22 Budget: Trial Court Operations Proposals

Feb 11, 2021 - The amount collected above the LCFF allotment is known as excess property tax. Because the amount of property tax revenue collected can change from year to year, the amount of excess property tax also can change from year to year.
https://lao.ca.gov/Publications/Report/4362

The 2020-21 Budget: Taxation of E-Cigarettes [Publication Details]

Feb 24, 2020 - We find that a tax based on nicotine content has some advantages. We also suggest that the Legislature consider a wide range of possible tax rates. Once the Legislature has chosen a rate, we recommend indexing the rate to inflation and revisiting it frequently to assess whether further adjustments are warranted.
https://lao.ca.gov/Publications/Detail/4171

With New Deficits Looming, California Will Weigh its Options for Allocating a Large Revenue Windfall

Dec 1, 2020 - Because this group accounts for a large portion of the state ’s tax revenues, tax collections proved to be somewhat insulated from the initial downturn. In fact, our revenue estimate for 2021 ‑22 now is very similar to what the Governor projected in his January 2020 (pre-pandemic) budget proposal.
https://lao.ca.gov/Publications/Report/4305

The 2023-24 Budget: Analysis of Child Welfare Proposals and Implementation Updates

Feb 22, 2023 - In 2011, the state enacted legislation known as 2011 realignment, which dedicated a portion of the state ’s sales and use tax and vehicle license fee revenues to counties to administer child welfare and foster care programs (along with some public safety, behavioral health, and adult protective services programs).
https://lao.ca.gov/Publications/Report/4698

Assessing Recent Changes to California Competes

Mar 30, 2020 - California Competes is an economic development tax incentive program that allows the administration to negotiate tax credit agreements with individual companies that agree to meet multiyear hiring and investment targets.
https://lao.ca.gov/Publications/Report/4213